Skip to main content

How to deal with business competitors

One of the major challenges when running a business is the emergence of competitors in the same business that can not be avoided. Therefore, we must know how to deal with business competitors in order not to lose competitiveness.

Here are some tips and tricks to overcome business competition


1. Businesses should have a mature concept

Running a business not only requires ideas and passion alone, but also requires a mature business concept. It will help you to recognize various potential opportunities, target market share, make your business run optimally, and lead ahead from business competitors.

2. Good planning

When running a business we shouldn't be careless because we risked a lot investment, and If you don't have solid planning all your efforts will be in vain and suffered heavy losses.

Therefore you should create a business plan that consist of: describing business concepts, vision & mission, promotional plans, marketing plans, employee management, financial regulation plan, including to determine risk analysis that might be experienced in the future.

With good planning, you can determine a solution to any problems which you may encounter, including how to deal with business competitors.

3. Innovation and Evaluation

deal with business competitors competition
Business competition can not be avoided, but it can make you become more creative and innovate. Competition will make you become more innovative to create a good products that you sell. Good innovations will attract customers to look at your product over the competition.

In addition to innovation, it is necessary to evaluate your business continuity. In business, you can not just close your eyes and wish everything will go as you plan, you also need an evaluation to seek your strengths and weaknesses to further advance your business.

4. Having a good system

A good system that stable and strong will help businesses to survive from business competitors and get the desired profits. After having a strong business foundation, you can expand the market with a variety of business systems as you want, for example, opening a branch or a franchise offering.

5. Market expansion

To compete in business, one of the ways that can be used is expanding the product market. The expansion could mean expanding the focus and targeted consumer. For example, if we only sell food that is intended for adults, it couldn't hurt to make a new variant food that can be enjoyed by children. The market expansion will increase revenue as well as to benefit the customers for products that we sold.

In addition to expanding market share, market expansion can also be done by opening new business branches that will help you to dominate the market with similar business competitors. However, make sure you already have a strong and stable system before doing business expansion.

6. Product standardization

Having many business branches can indeed help overcome tough competition in business. But you also have to pay more attention to the standardization quality of product being sold at all of your business branches.

Product standardization needs to be done so our customers can have the same experience when purchasing products in any business branches. This standardization is very much required if you open a culinary business, recipes standardization will produce the same taste in all its branches.

Comments

Popular posts from this blog

Tips to lose weight without exercise

Going on a diet to lose weight is not an easy thing to do, it takes a strong will and determination. The good news is that you can follow these easy tips to lose weight without exercise:
1. Don't skip meals Maybe you've heard how bad the impact would occur if you skip a meal such as breakfast. However, a recent study conducted by Cornell University showed that if you skip a meal time then you'll eat 20 percent more. Unfortunately when you eat, you won't be interested in picking vegetables and healthy protein but you'll prefer to eat carbohydrates and fats.
2. Read the food labels A survey from the Centers for Disease Control revealed the fact that people who read labels on packaged foods have a lower BMI (body mass index). Because it will make you compare the content of fat, sugar, and others ingredients to search food with better option.
3. Cut the food into smaller piece People who cut the food turned out to eat less than who do not. So, cut into quarters or two…

Tips to overcome boredom at work

Most of the time while at work and at noon, your eyes will getting heavy, body feels weak, losing concentration, and feeling bored. These are the signs that your energy levels have began to decline and you feel lazy to do anything.
You don't need to worry because this is a normal situation. Each individual has a different boredom level, it depends on several factors that influence it such as age, the food you eat and your activity level. You can follow these tips to prevent and overcome boredom that comes in while you are working.
Do light exercise (push up, leg raise, etc) If by chance your boss was not in place, you could take a short time to do push ups, dips or even doing exercises using your seat. Don't do it too long though (10-15 reps is enough), after that your body will feel refreshed.
Eat fresh fruitInstead of choosing a sugary snack with high calories and fat to boost your energy, you better eating fresh fruit instead. The vitamins and minerals contained in it, as well …

How to eliminate panda eyes

Having a beautiful eyes is a dream for most of the people, but some people often have problems with dark circle around their eyes (panda eyes) or having under eye bags even though they have enough sleep and rest. Fontunately, eliminating panda eyes and under eye bags on your face is really not that difficult, you can follow these tips to eliminate panda eyes.
How to eliminate panda eyes : 1. Stop smoking and avoid cigarette smoke Toxins in cigarette triggers an increase in the enzyme "matrix metalloproteinase" that cause skin thinning and loss of elasticity, that causes the skin to become wrinkled. Smoking also causes reduced blood flow (ischemia) resulting a lack of oxygen and nutrients the skin that will make your eye bags dark and your skin tone became dull. Cigarette smoke also leave accumulation of toxic substances in the skin layer, and if this lasted in long period your skin will look grayish and always feels dry.
2. Don't forget to use sunblock Avoid direct sun …